Home › Asset managers › Vanguard › 2024-2025 › Against the board
At least 6,065 proposals in the 2024-2025 proxy season: Vanguard voted against, or withheld its votes from, at least 6,000 proposals put forward by company boards, and voted for 65 shareholder proposals, by its own Form N-PX filings.
Two kinds of vote are listed: a board-sponsored proposal Vanguard voted AGAINST or withheld on, and a shareholder proposal it voted FOR, with the board’s recommendation on it where the filings show one. A FOR vote on a proposal the board supported, or took no position on, is listed and labelled, but it is not a vote against the board. One row is one proposal at one meeting; “funds” is how many of the manager’s funds or accounts voted that way.
Everything Only shareholder proposals it backed
6,065 proposals. The board-sponsored half of this list keeps the 6,000 proposals with the most funds behind them; the rest are in the interactive database. Every shareholder proposal it backed is listed in full.
| Company | Meeting | Proposal | Category | On the ballot from | Board recommended | Vanguard voted | Funds |
|---|---|---|---|---|---|---|---|
| ESSO | June 4, 2025 | Approve Remuneration Policy of Chairman and CEO | Compensation | Board | AGAINST | 5 | |
| ESSO | June 4, 2025 | Elect Philippe Diu as Director | Director Elections | Board | AGAINST | 5 | |
| ESSO | June 4, 2025 | Elect Sylvie Jehanno as Director | Director Elections | Board | AGAINST | 5 | |
| ESSO | June 4, 2025 | Reelect Jean-Claude Marcelin as Director | Director Elections | Board | AGAINST | 5 | |
| ESSO | June 4, 2025 | Reelect Marie-Laure Halleman as Director | Director Elections | Board | AGAINST | 5 | |
| ESSO | June 4, 2025 | Reelect Philippe Ducom as Director | Director Elections | Board | AGAINST | 5 | |
| ETABLISSEMENTS MAUREL & PROM SA | May 27, 2025 | Approve Compensation of Olivier de Langavant, CEO | Compensation | Board | AGAINST | 5 | |
| ETABLISSEMENTS MAUREL & PROM SA | May 27, 2025 | Approve Remuneration Policy of CEO | Compensation | Board | AGAINST | 5 | |
| ETABLISSEMENTS MAUREL & PROM SA | May 27, 2025 | Authorize Issuance of Equity or Equity-Linked Securities with Preemptive Rights up to Aggregate Nominal Amount of EUR 150 Million | Capital Structure | Board | AGAINST | 5 | |
| EUROBANK ERGASIAS SERVICES & HOLDINGS SA | April 30, 2025 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| EUROBANK ERGASIAS SERVICES & HOLDINGS SA | April 30, 2025 | Approve Profit Sharing Plan to Senior Management and Employees | Compensation | Board | AGAINST | 5 | |
| EUROBANK ERGASIAS SERVICES & HOLDINGS SA | April 30, 2025 | Fix Maximum Variable Compensation Ratio | Compensation | Board | AGAINST | 5 | |
| EUSU HOLDINGS CO. LTD. | March 31, 2025 | Approve Total Remuneration of Inside Directors and Outside Directors | Compensation | Board | AGAINST | 5 | |
| EVN AG | February 26, 2025 | Approve Remuneration Report | Compensation | Board | AGAINST | 5 | |
| EXXARO RESOURCES LTD. | May 15, 2025 | Approve Financial Assistance in Terms of Section 44 of the Companies Act | Capital Structure | Board | AGAINST | 5 | |
| FARASIS ENERGY (GAN ZHOU) CO. LTD. | June 27, 2025 | Approve Remuneration of Independent Directors | Compensation | Board | AGAINST | 5 | |
| FATTAL HOLDINGS (1998) LTD. | May 5, 2025 | Reelect Shimshon Harel as Director | Director Elections | Board | AGAINST | 5 | |
| FIBERHOME TELECOMMUNICATION TECHNOLOGIES CO. LTD. | May 16, 2025 | Approve Application for Credit Business Quotas from Financial Institutions | Capital Structure | Board | AGAINST | 5 | |
| FIBRA MTY | April 29, 2025 | Elect and/or Ratify Guillermo Enrique Babatz Torres as Member of Technical Committee (Proposed by Nominations Committee) | Director Elections | Board | AGAINST | 5 | |
| FINE ORGANIC INDUSTRIES LTD. | August 21, 2024 | Reelect Tushar Shah as Director | Director Elections | Board | AGAINST | 5 | |
| FINOLEX INDUSTRIES LTD. | September 18, 2024 | Reelect Ritu P. Chhabria as Director | Director Elections | Board | AGAINST | 5 | |
| FINOLEX INDUSTRIES LTD. | December 14, 2024 | Approve Appointment and Remuneration of Saurabh Dhanorkar as Managing Director | Compensation | Board | AGAINST | 5 | |
| FIRST MAJESTIC SILVER CORP. | May 20, 2025 | Advisory Vote on Executive Compensation Approach | Compensation | Board | AGAINST | 5 | |
| FIRSTSOURCE SOLUTIONS LTD. | July 30, 2024 | Reelect Subrata Talukdar as Director | Director Elections | Board | AGAINST | 5 | |
| FLAT GLASS GROUP CO. LTD. | June 16, 2025 | Approve Provision of Guarantees for Its Potential Credit Facility and Related Transactions | Capital Structure | Board | AGAINST | 5 | |
| FOCUSED PHOTONICS (HANGZHOU) INC. | May 14, 2025 | Approve Proposal on Unified Management of Funds between the Company and Its Controlled Subsidiaries | Capital Structure | Board | AGAINST | 5 | |
| FORCECON TECHNOLOGY CO. LTD. | May 27, 2025 | Approve Issuance of Common Shares or Domestic or Overseas Convertible Bonds via a Private Placement | Capital Structure | Board | AGAINST | 5 | |
| FORTH CORPORATION PUBLIC COMPANY LTD. | April 25, 2025 | Elect Pichamon Amatanon as Director | Director Elections | Board | AGAINST | 5 | |
| FORYOU CORP. | April 25, 2025 | Approve Bill Pool Business | Capital Structure | Board | AGAINST | 5 | |
| FORYOU CORP. | April 25, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| FOSHAN HAITIAN FLAVOURING & FOOD CO. LTD. | September 19, 2024 | Approve Authorization of the Board to Handle All Related Matters | Compensation | Board | AGAINST | 5 | |
| FOSHAN HAITIAN FLAVOURING & FOOD CO. LTD. | September 19, 2024 | Approve Draft and Summary on Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| FOSHAN HAITIAN FLAVOURING & FOOD CO. LTD. | September 19, 2024 | Approve Management Measures for the Employee Share Purchase Plan | Compensation | Board | AGAINST | 5 | |
| FOURLIS HOLDINGS SA | June 20, 2025 | Advisory Vote on Remuneration Report | Compensation | Board | AGAINST | 5 | |
| FOX-WIZEL LTD. | October 1, 2024 | Reappoint Ernst & Young Israel Kost Forer Gabbay & Kasierer as Auditors and Report on Auditors' Fees | Audit-related | Board | AGAINST | 5 | |
| FUJIAN KUNCAI MATERIAL TECHNOLOGY CO. LTD. | February 21, 2025 | Approve Application of Bank Credit Lines | Capital Structure | Board | AGAINST | 5 | |
| FUJIAN STAR-NET COMMUNICATION CO. LTD. | May 20, 2025 | Approve Credit Utilization and Bill Pool Plan | Capital Structure | Board | AGAINST | 5 | |
| FUJIYA CO. LTD. | March 25, 2025 | Appoint Statutory Auditor Yasui, Yasuhiro | Compensation | Board | AGAINST | 5 | |
| FUJIYA CO. LTD. | March 25, 2025 | Elect Director Kawamura, Nobuyuki | Director Elections | Board | AGAINST | 5 | |
| FULIN PRECISION CO. LTD. | May 19, 2025 | Approve Application of Bank Credit Lines and Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| FULIN PRECISION CO. LTD. | May 19, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| GAIL (INDIA) LTD. | August 28, 2024 | Approve Appointment Rajeev Kumar Singhal as Director (Business Development) | Compensation | Board | AGAINST | 5 | |
| GAIL (INDIA) LTD. | August 28, 2024 | Elect Asheesh Joshi as Government Nominee Director | Director Elections | Board | AGAINST | 5 | |
| GAIL (INDIA) LTD. | August 28, 2024 | Reelect Ayush Gupta as Director | Director Elections | Board | AGAINST | 5 | |
| GAIL (INDIA) LTD. | August 28, 2024 | Reelect Kushagra Mittal as Director | Director Elections | Board | AGAINST | 5 | |
| GALAXY SURFACTANTS LTD. | June 24, 2025 | Approve Extension Galaxy Surfactants Limited - Performance Stock Option Plan 2025 to the Employees of Holding Company, Its Subsidiary Company(ies) and/or Associate Company(ies), Group Company(ies) | Compensation | Board | AGAINST | 5 | |
| GALAXY SURFACTANTS LTD. | June 24, 2025 | Approve Galaxy Surfactants Limited - Performance Stock Option Plan 2025 | Compensation | Board | AGAINST | 5 | |
| GALAXYCORE INC. | June 13, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| GALDERMA GROUP AG | April 23, 2025 | Approve Remuneration Report (Non-Binding) | Compensation | Board | AGAINST | 5 | |
| GALDERMA GROUP AG | April 23, 2025 | Reelect Michael Bauer as Director | Director Elections | Board | AGAINST | 5 | |
| GALDERMA GROUP AG | April 23, 2025 | Reelect Sherilyn McCoy as Director | Director Elections | Board | AGAINST | 5 | |
| GAMECARD-JOYCO HOLDINGS INC. | June 19, 2025 | Elect Director Suzuki, Satoru | Director Elections | Board | AGAINST | 5 | |
| GANFENG LITHIUM GROUP CO. LTD. | November 25, 2024 | Approve Provision of Guarantees to a Controlled Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| GANFENG LITHIUM GROUP CO. LTD. | April 28, 2025 | Approve Provision of Guarantees to a Controlled Subsidiary | Capital Structure | Board | AGAINST | 5 | |
| GANFENG LITHIUM GROUP CO. LTD. | April 28, 2025 | Elect Li Liangbin as Director | Director Elections | Board | AGAINST | 5 | |
| GANFENG LITHIUM GROUP CO. LTD. | June 25, 2025 | Approve Forecast Amount of External Guarantees | Capital Structure | Board | AGAINST | 5 | |
| GANFENG LITHIUM GROUP CO. LTD. | June 25, 2025 | Approve General Mandate to Issue Domestic and Overseas Debt Financing Instruments | Capital Structure | Board | AGAINST | 5 | |
| GANFENG LITHIUM GROUP CO. LTD. | June 25, 2025 | Approve Provision of Guarantees for the Issuance of Offshore Bonds for an Overseas SPV Company | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Amount and Use of Proceeds | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Authorization of Board to Handle All Related Matters | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Company's Eligibility for Issuance of Shares to Specific Targets | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Conditional Shares Subscription Agreement | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Demonstration Analysis Report in Connection to Issuance of Shares to Specific Targets | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Distribution Arrangement of Undistributed Earnings | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Feasibility Analysis Report on the Use of Proceeds | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Impact of Dilution of Current Returns on Major Financial Indicators, the Relevant Measures to be Taken | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Issue Manner and Issue Time | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Issue Size | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Listing Exchange | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Lock-up Period | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Plan for Issuance of Shares to Specific Targets | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Pricing Reference Date, Issue Price and Pricing Basis | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Report on the Usage of Previously Raised Funds | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Resolution Validity Period | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Share Type and Par Value | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Subscription Method | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Supplemental Agreement to Conditional Shares Subscription Agreement | Capital Structure | Board | AGAINST | 5 | |
| GAONA AERO MATERIAL CO. LTD. | August 9, 2024 | Approve Target Subscribers | Capital Structure | Board | AGAINST | 5 | |
| GATEWAY DISTRIPARKS LTD. | September 19, 2024 | Reelect Anil Aggarwal as Director | Director Elections | Board | AGAINST | 5 | |
| GCL ENERGY TECHNOLOGY CO. LTD. | May 20, 2025 | Approve External Guarantee | Capital Structure | Board | AGAINST | 5 | |
| GCL SYSTEM INTEGRATION TECHNOLOGY CO. LTD. | March 31, 2025 | Approve External Investment and Related Party Transaction | Extraordinary Transactions | Board | AGAINST | 5 | |
| GCL SYSTEM INTEGRATION TECHNOLOGY CO. LTD. | May 20, 2025 | Approve Application of Credit Line and Provision of Guarantees | Capital Structure | Board | AGAINST | 5 | |
| GDS HOLDINGS LTD. | June 26, 2025 | Approve Issuance of Equity or Equity-Linked Securities without Preemptive Rights | Capital Structure | Board | AGAINST | 5 | |
| GDS HOLDINGS LTD. | June 26, 2025 | Elect Director William Wei Huang | Director Elections | Board | AGAINST | 5 | |
| GEM CO. LTD. | May 19, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| GEN ILAC VE SAGLIK URUNLERI SANAYI VE TICARET AS | March 27, 2025 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 | |
| GENUS POWER INFRASTRUCTURES LTD. | September 30, 2024 | Reelect Jitendra Kumar Agarwal as Director | Director Elections | Board | AGAINST | 5 | |
| GENUS POWER INFRASTRUCTURES LTD. | September 30, 2024 | Reelect Kailash Chandra Agarwal as Director | Director Elections | Board | AGAINST | 5 | |
| GFH FINANCIAL GROUP BSC | October 9, 2024 | Approve Modifications and Offer with Regards to 2020 Sukuk Issuance | Capital Structure | Board | AGAINST | 5 | |
| GILLETTE INDIA LTD. | December 3, 2024 | Approve Appointment and Remuneration of Srividya Srinivasan as Executive Director | Compensation | Board | AGAINST | 5 | |
| GILLETTE INDIA LTD. | December 3, 2024 | Reelect Srinivas Maruthi Patnam as Director | Director Elections | Board | AGAINST | 5 | |
| GINKGO BIOWORKS HOLDINGS INC. | June 12, 2025 | Election of Directors: Christian Henry | Director Elections | Board | AGAINST | 5 | |
| GINLONG TECHNOLOGIES CO. LTD. | May 19, 2025 | Approve Provision of Guarantee | Capital Structure | Board | AGAINST | 5 | |
| GLOBAL HEALTH LTD. (INDIA) | September 19, 2024 | Approve Pledging of Assets for Debt | Capital Structure | Board | AGAINST | 5 | |
| GLOBAL HEALTH LTD. (INDIA) | December 27, 2024 | Approve Authorization for Set Up of Trust to Subscribe to New Shares of GHL and / Purchase of Existing Shares of GHL From Open Market for the Implementation of GHL LTIP 2024 Plan | Compensation | Board | AGAINST | 5 | |
| GLOBAL HEALTH LTD. (INDIA) | December 27, 2024 | Approve Financial Assistance by the Company to the Employees for Subscription of New Shares of GHL and/ Purchase of Existing Shares of GHL from Open Market under GHL LTIP 2024 Plan | Compensation | Board | AGAINST | 5 | |
| GLOBAL HEALTH LTD. (INDIA) | December 27, 2024 | Approve Financial Assistance by the Company to the Trust/ Trustees for Subscription of New Shares of GHL and / Purchase of Existing Shares of GHL from Open Market under GHL LTIP 2024 Plan | Compensation | Board | AGAINST | 5 | |
| GLOBAL HEALTH LTD. (INDIA) | December 27, 2024 | Approve Global Health Limited (GHL) Employees Long Term Share Based Incentive Plan - 2024 | Compensation | Board | AGAINST | 5 | |
| GLOBAL HEALTH LTD. (INDIA) | December 27, 2024 | Approve Grant of Options/Shares of the Company to the Employees of the Subsidiary/Associate Company(ies) Under the GHL LTIP 2024 Plan | Compensation | Board | AGAINST | 5 | |
| GLOBAL YATIRIM HOLDING AS | August 15, 2024 | Approve Director Remuneration | Compensation | Board | AGAINST | 5 |
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Built November 7, 2026 from SEC Form N-PX filings.